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Fiat Auto 'appoints Herbert Demel to succeed Boschetti as CEO'

Quoting unnamed sources, Automotive News Europe reports that Fiat Group chairman Umberto Agnelli will confirm by the end of October the appointment of Magna-Steyr CEO Herbet Demel as the successor to Giancarlo Boschetti as CEO of Fiat Auto.

Before joining the Canadian-owned, Austria-based Magna Steyr contract assembly firm recently, Demel was the boss of VW's in charge of VW's Brazilian operations, and had earlier headed its Audi subsidiary.

The story counters widely-reported rumours that Martin Leach, who resigned from Ford of Europe last month, was to be Fiat Auto's next CEO.

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